Question

Jim invested Rs. 1700 and Rs. 2300 in schemes A and B respectively for 3 years. If schemes A and B offer simple interest at 6% per annum and at 9% per annum respectively, what is the interest earned by Jim from both the schemes together after 3 years?

• A. Rs. 927
• B. Rs. 933
• C. Rs. 949
• D. Rs. 935
• E. Rs. 945

Answer 1

The correct option is A Rs. 927

Jim invested Rs. 1700 6% p.a. for 3 years
$\Rightarrow S{I}_1=\frac{1700\times 6\times 3}{100}=Rs.306JiminvestedRs.23009$